Role of ’sovereign wealth funds’ highlighted

From Brecorder.com: The recent global ‘financial tsunami’ has hit almost all countries and the ‘Sovereign Wealth Funds’ can play a significant role to bail out their economies. “It is a financial 9/11 as ‘mortgage twin tower’ and many strong financial institutions have collapsed in the recent crisis”, Adnan Hassan, a former advisor to the World Bank.

He said that the Sovereign Wealth Fund (SWF), a state repository of wealth and presently having a base of $3.3 trillion, is the fast growing segment in the world. “Although the base of the fund is small, it has a fast growth rate, mainly in the developed economies”, he said….. Full Article: Source